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Dec 27, 2012
12/12
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so what is the fiscal cliff? the fiscal cliff is the check. it's the tab after the buffet of all that spending. so the irony is everyone in the beltway thinks it's so terrible we are going over the fiscal cliff because it's so irresponsible. well, ironically it's the opposite. the whole point of the fiscal cliff is when the fiscal cliff is cleared and we jump over it, we are getting rid of all the accounting game mix, the temporary stings of things that allow congress to pretend it's being fiscally responsible when it's not. what's going to happen? a lot of taxes will go up but taxes will go up on everybody, not injure the guy around the tree that's paying for everything but everyone will have to pay. and then folks will realize the government we are voting for costs us money too. >> that's the thing. if we don't go over the cliff and they don't reach a compromise, what will happen? they can't afford to keep spending like this. won't spending have to go down by virtue after compromise not being reached? spending will go down a little bit becau
so what is the fiscal cliff? the fiscal cliff is the check. it's the tab after the buffet of all that spending. so the irony is everyone in the beltway thinks it's so terrible we are going over the fiscal cliff because it's so irresponsible. well, ironically it's the opposite. the whole point of the fiscal cliff is when the fiscal cliff is cleared and we jump over it, we are getting rid of all the accounting game mix, the temporary stings of things that allow congress to pretend it's being...
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Aug 8, 2012
08/12
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and how do you distinguish it from the fiscal cliff. >> the fiscal cliff, if they don't do anything, taxes will go up and spending will be cut and businesses are hunkering down. but we looked at it and we said, is that their main concern? or are they more concerned about the prospect of a second ork bottomma term? if you look at what he has promised to do in the second term, there is good reason for businesses to worry. for example, he said, i am going to raise taxes. he says, it's only on the rich. but he's admitted that he is going to raise taxes on small businesses. he says it will impact 2% of small businesses. that sounds like not very many. but when you figure that's 900,000 small businesses to see a tax increase. he also wants to raise capital gains taxes and dividend tax significantly. this will affect investments. so businesses are looking at that. they are thinking, this is not going to be good for us. he has also promised to continue to advance the regulatory machinery that has been turbocharged under his administration. and the first three years, he has put in place, regu
and how do you distinguish it from the fiscal cliff. >> the fiscal cliff, if they don't do anything, taxes will go up and spending will be cut and businesses are hunkering down. but we looked at it and we said, is that their main concern? or are they more concerned about the prospect of a second ork bottomma term? if you look at what he has promised to do in the second term, there is good reason for businesses to worry. for example, he said, i am going to raise taxes. he says, it's only...
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Dec 14, 2012
12/12
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. >> greta: brace yourself, besides heading over the fiscal cliff, some pbs groups are warring about the regulatory cliff. byron york is here. nice to see you. what is the regulatory cliff? >> well, the regulatory cliff is a burve of regulations that have been held up for a while that are probably going to come out of the obama administration pretty soon. the feeling is that they had a lot of regulations, some of which would be politically unpopular, that they held on to until after the election. economically significant regulations, which would have at least $100 million effect on the economy every year. the obama administration -- >> good or bad. >> whatever. i mean, it's something that the congress wants to know if you are going to do this significant regulation, the obama administration did 63 of them in 2009. 63 in 2010, 50 in 2011 and then about 20 this year. >> greta: is that because they have done all the ones they wanted to and just over time, they had no more to do. or was that because they were trying to hide them and do political maneuvering and how do you tell? >> republ
. >> greta: brace yourself, besides heading over the fiscal cliff, some pbs groups are warring about the regulatory cliff. byron york is here. nice to see you. what is the regulatory cliff? >> well, the regulatory cliff is a burve of regulations that have been held up for a while that are probably going to come out of the obama administration pretty soon. the feeling is that they had a lot of regulations, some of which would be politically unpopular, that they held on to until after...
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Nov 27, 2012
11/12
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of what people are calling the fiscal cliff. is the fiscal cliff cutting spending? the sequester? i don't think it leads to economic harm to cut spending. that's what we should be doing. the other half of the fiscal cliff is taxes will go up. i don't want them to go up. if you raise taxes on the top 1%, that's 50% of the nation's fiscal income. if you don't think raising taxes in a recession is a good idea, why would it be a good idea to raise them on anyone? >> greta: so do you think going off the fiscal cliff would necessarily be a bad thing? >> it would be a bad thing to raise taxes. it doesn't make sense to me. i don't accept that cutting spending is bad for the economy. i think cutting federal spending, which means less borrowing up here, is go for the economy, but i do think taxes going up is a bad thing for the economy. i agree with half of the equation of the fiscal cliff, but i don't agree if taxes going up is bad for the economy why would we only want half of the taxes to go up? >> greta: that's like the reverse of the
of what people are calling the fiscal cliff. is the fiscal cliff cutting spending? the sequester? i don't think it leads to economic harm to cut spending. that's what we should be doing. the other half of the fiscal cliff is taxes will go up. i don't want them to go up. if you raise taxes on the top 1%, that's 50% of the nation's fiscal income. if you don't think raising taxes in a recession is a good idea, why would it be a good idea to raise them on anyone? >> greta: so do you think...
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Dec 1, 2012
12/12
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they have the time. >> greta: what is the big secret about the fiscal cliff? senator jeff sessions blasting president obama and congressional leaders for holding secret talks. he joins us. what do you moon by secret? >> these talks are -- these talks are going on somebody leaked part of what is going on some sort of outline from the white house that seeps to be unacceptable to the republicans. why don't we see the whole plan? why doesn't the american people know what the president would like to see as the final idea for america's financial future? >> greta: the interesting thing is in some ways sometimes you want to have a secret meeting so you can speak candidly. the problem is, we've had so many secret meetings. the super committee, the gang of six, the gang of eight, committees now, the problem is i might be for these secret discussions about the fiscal cliff if any within had worked. we have a history repleat with failure. i agree, it should be out in the open. >> first of all, these secret talks violate the principle of american government that would be o
they have the time. >> greta: what is the big secret about the fiscal cliff? senator jeff sessions blasting president obama and congressional leaders for holding secret talks. he joins us. what do you moon by secret? >> these talks are -- these talks are going on somebody leaked part of what is going on some sort of outline from the white house that seeps to be unacceptable to the republicans. why don't we see the whole plan? why doesn't the american people know what the president...
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Dec 1, 2012
12/12
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as for reaching a fiscal cliff, the narrative today in the media and in the world of politicos. we have gone over the cliff. we went over the cliff when we engaged in quantitative easing 2 and 3 and went four years without a budget, no blueprint to figure out how to rein in this dysfunctional, overgrown government that is based on borrowed money from foreign countries that don't necessarily like us and borrowed money from our children and grandchildren. we have gone over the cliff. now it's just a matter of how hard are we going to thump at the bottom of the cliff? >> am i too hard on politicians? i struggle with the thought of their work ethic being up for the job. i travel a lot. i see people without jobs, people are worried about losing jobs. we have known about the fiscal cliff and the sequestration and the tax increases or not tax increase, since a minimum of august of 2011. >> they have done nothing, except have a lot of chatter, no product. they have the super committee in november of 2011. they couldn't reach an opinion. so did they meet in december in no. january? no. f
as for reaching a fiscal cliff, the narrative today in the media and in the world of politicos. we have gone over the cliff. we went over the cliff when we engaged in quantitative easing 2 and 3 and went four years without a budget, no blueprint to figure out how to rein in this dysfunctional, overgrown government that is based on borrowed money from foreign countries that don't necessarily like us and borrowed money from our children and grandchildren. we have gone over the cliff. now it's...
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Dec 29, 2012
12/12
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economy from going off the fiscal cliff. after a late afternoon meeting with the top four congressional leaders at the white house, president obama offered this assessment. >>> i'm modestly optimistic -- nobody is going to get 100% of what they want. but let's make sure that middle class families and the american economy and in fact the world economy aren't adversely impacted because people can't do their jobs. >> sources say house speaker are john boehner deferred to senate colleagues and told them house leaders would consider, accept or amend their plan. what s not expected to be included in any deal is increasing the debt limit, something democrats have wanted and republicans have resisted. >> we he haded a long meeting in the white house and it was constructive. we hope that it will bear fruit. but that is what we hoped a lot. i think that the next 24 hours will be very instructive as to what we are able to accomplish. >> if it doesn't work president obama wants lawmakers to vote on what would essentially be plan c. here
economy from going off the fiscal cliff. after a late afternoon meeting with the top four congressional leaders at the white house, president obama offered this assessment. >>> i'm modestly optimistic -- nobody is going to get 100% of what they want. but let's make sure that middle class families and the american economy and in fact the world economy aren't adversely impacted because people can't do their jobs. >> sources say house speaker are john boehner deferred to senate...
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Dec 28, 2012
12/12
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cliff. >> barrasso said president obama is eager to go over the fiscal cliff. senator barrasso joins us. well, why do you say that? >> well, i think the president sees political victory at the bottom of the cliff in term of the increased tax money coming in that he can spend for other programs. i think he sees a lot the military which the democrats have been after for a long time and then he gets to do what he loves to do, is to blame republicans. my concern is that i actually see financial problems for our nation at the bottom of the cliff and that's why i want to get a solution. >> tomorrow do you think it's going to be the beginning of the emergency meeting at the white house, is it the beginning of a deal or is it a political drama? >> my concern is it may be a political charade by the president and harry reid and nancy pelosi. i hope it actually is the beginning of a deal because if we don't get it done now, we need to go and make sure that things get done so we don't raise taxes and taxes aren't raised for all these americans that are looking at it come j
cliff. >> barrasso said president obama is eager to go over the fiscal cliff. senator barrasso joins us. well, why do you say that? >> well, i think the president sees political victory at the bottom of the cliff in term of the increased tax money coming in that he can spend for other programs. i think he sees a lot the military which the democrats have been after for a long time and then he gets to do what he loves to do, is to blame republicans. my concern is that i actually see...
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Aug 15, 2012
08/12
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the uncertainty of a tax cut extension and the threat of a fiscal cliff is puing fiscal fear in many businesses. we have the president of a software community. nice to see you, sir. >> nice to be here, thank you for having me. >> greta: i understand, southwire is a family-owned, private company with 5,000 employees. what impact does it have on your company that you don't know what will happen come the end of the year with the taxes? >> it impacts our economy because it impacts our customers. to give you context, our motto is we deliver power. we make wire and cable products that move power and inside every kind of building you can imagine, homes, many of your viewers probably have our wire mind their walls and commercial installations and retail space and apartment building and it is like. and factories, et cetera. so we have quite a window into the conduction markets around the united states. i can tell that you our customers are very, very concerned about this fiscal cliff and believe it can cause them great damage on their businesses. >> greta: is it the uncertainty of what is goi
the uncertainty of a tax cut extension and the threat of a fiscal cliff is puing fiscal fear in many businesses. we have the president of a software community. nice to see you, sir. >> nice to be here, thank you for having me. >> greta: i understand, southwire is a family-owned, private company with 5,000 employees. what impact does it have on your company that you don't know what will happen come the end of the year with the taxes? >> it impacts our economy because it impacts...
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Dec 20, 2012
12/12
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what he done except drive us over a fiscal cliff? which we are over and it's time to feel the thud at the bottom of the cliff. now it's a matter of degree of how hard we are going to hit bottom. other than that, really, what has he done to unify and make our nation a more perfect union? for the life of me, i don't know, greta. >> successfully winning a hotly contested election, i would give him time magazine, i would put him on the cover for that. that was a highly contested race. let me turn to another issue. a christian american pastor, locked up in iran. the reverend was born in iran, but he is a u.s. citizen. he was arrested back in september when he was on a trip to iran to visit his parents, before coming to the united states, he spent years as a leader in the underground christian community, organizing churches and handing out bibles. iran has not charged him with a crime. but when the revolutionary guard arrested him, he was told he would have to pay for his christian missionary work. his family is desperate to bring him home
what he done except drive us over a fiscal cliff? which we are over and it's time to feel the thud at the bottom of the cliff. now it's a matter of degree of how hard we are going to hit bottom. other than that, really, what has he done to unify and make our nation a more perfect union? for the life of me, i don't know, greta. >> successfully winning a hotly contested election, i would give him time magazine, i would put him on the cover for that. that was a highly contested race. let me...
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Nov 30, 2012
11/12
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the former speaker of the house calling the fiscal cliff a fantasy that will appear out of nowhere just like the land of oozdid. speaker gingrich is here to tell us about his message for the gop. but first rush limbaugh has a message for democrats. >> you want to go after rich people? go after yourselves, democrats. start with your own perks. show us you've got some skin in the game instead of blaming everybody else. >> no substantive progress has been made in the talks between the white house and the house the last two weeks. >> we're not going to kick the can down the road. this is no time for delay. >> how gutless is it to blame the taxpayers? >> compromise is necessary in the democrats process, but if we come together we will meet this challenge, and make this session of the congress not a lame duck congress, but a blind duck congress. >> listen, this is not a game. jobs are on the line. the american economy is on the line. >> we've got to reduce our long-term deficit. that's also important to long-term economic growth. and we have said we need to do that in a balanced way. >> how g
the former speaker of the house calling the fiscal cliff a fantasy that will appear out of nowhere just like the land of oozdid. speaker gingrich is here to tell us about his message for the gop. but first rush limbaugh has a message for democrats. >> you want to go after rich people? go after yourselves, democrats. start with your own perks. show us you've got some skin in the game instead of blaming everybody else. >> no substantive progress has been made in the talks between the...
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Nov 16, 2012
11/12
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they are going to start the conversation with the fiscal cliff. until that gets resolved, the armed services committee can't get an appropriations bill -- irvetion if they hadn't had months to campaign for their jobs, we cube would be ahead. >> this is a good contextual point. as the potential incoming budget chair, can you not at the least, commit to passing a budget? we haven't had one, it's been a hugeeral league cry for republicans in the senate and republicans more broadly. at the very least, if you are going to come in and chair the committee, you should be able to commit to passing a budget or working on a budget. everybody understands that that's a problem, beyond the immediate problem of the fiscal cliff, saw have to start to solve the long-term issues. >> greta: i don't know how we can figure how much we need unless we have a sense of a budget. and the if the republicans put one on the table in the house, which they have and the senate just put its in the pocket so we don't have one, it stops the conversation. i am not going to say-- the
they are going to start the conversation with the fiscal cliff. until that gets resolved, the armed services committee can't get an appropriations bill -- irvetion if they hadn't had months to campaign for their jobs, we cube would be ahead. >> this is a good contextual point. as the potential incoming budget chair, can you not at the least, commit to passing a budget? we haven't had one, it's been a hugeeral league cry for republicans in the senate and republicans more broadly. at the...
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Nov 10, 2012
11/12
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straight ahead, the faceoff over the fiscal cliff. president obama inviting congressional leers to the white house. but will they get anywhere? next. and b vitamins for natural energy, i'm ready for whatever they get into. get your free sample at myemergenc.com. stay healthy and feel the good. >> president obama and speaker of the house, john boehner, both talking about a big game about compromise. but do they have a different dfgdz of compromise than the rest of us? neither is willing to budge on tax cuts, so is there any hope of avoiding the fiscal cliff? bob, where are we going? >> i don't know. we are not going to get a solution. john boehner didn't want to have any type of grand bargain. he wants to wait for the new congress to be seated. how you do a temporary punt. obama has the leverage. he won re-election. so where we go from here, i think you are going to see a lot of political games next week when congress comes back to town. potentially, we go deep into december. >> the president is holding most of the cards here, he won r
straight ahead, the faceoff over the fiscal cliff. president obama inviting congressional leers to the white house. but will they get anywhere? next. and b vitamins for natural energy, i'm ready for whatever they get into. get your free sample at myemergenc.com. stay healthy and feel the good. >> president obama and speaker of the house, john boehner, both talking about a big game about compromise. but do they have a different dfgdz of compromise than the rest of us? neither is willing to...
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Jul 20, 2012
07/12
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here comes another fiscal cliff. this is about congress finally doing its job. we need permanent reforms to the tax code and permanent reforms to the spending side to the budget actually adds up and we are not even close right now. >> greta: a lot of people didn't like simpson boles but it was a big step forward and addressed a lot of the problem including the tax code. >> inside was what i thought was the right political strategy. this is the only thing that got bipartisan support. cut spending and did tax reform and did the exact things and we kicked it it aside. the president showed no interest in it. one of the things you see besides all of this bad stuff, the thing everyone claims we care the most about, small businesses and the american entrepreneur, they get hammered by the cliff. the middle class we raise their taxes and cut their spending. makes no sense. >> greta: we have been patching it together for the last couple of years. can we just continue to patch forever? >> we can't. look at the first decade what did we do? didn't really fix the budget probl
here comes another fiscal cliff. this is about congress finally doing its job. we need permanent reforms to the tax code and permanent reforms to the spending side to the budget actually adds up and we are not even close right now. >> greta: a lot of people didn't like simpson boles but it was a big step forward and addressed a lot of the problem including the tax code. >> inside was what i thought was the right political strategy. this is the only thing that got bipartisan support....
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Nov 10, 2012
11/12
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straight ahead, the faceoff over the fiscal cliff. president obama inviting president obama inviting congressional lelele [ male announcer ] choosing a windows 8 device with help from your frid. i'm thinking aboutpgrading... finally! jonathan was fine when you were in your 20s, but he's not right for you. good-bye jonathan and his creepy little girl hands. i meant... [ male announcer ] or choosing a windows 8 device with help from the experts at staples. another way staples and hp make it easier to upgrade. make your windows 8 experience even better with hp. and this week, get $200 off the hp envy dv6 notebook. staples. that was easy. >> president obama and speaker of the house, john boehner, both talking about a big game about compromise. but do they have a different dfgdz of compromise than the rest of us? neither is willing to budge on tax cuts, so is there any hope of avoiding the fiscal cliff? bob, where are we going? >> i don't know. we are not going to get a solution. john boehner didn't want to have any type of grand bargain.
straight ahead, the faceoff over the fiscal cliff. president obama inviting president obama inviting congressional lelele [ male announcer ] choosing a windows 8 device with help from your frid. i'm thinking aboutpgrading... finally! jonathan was fine when you were in your 20s, but he's not right for you. good-bye jonathan and his creepy little girl hands. i meant... [ male announcer ] or choosing a windows 8 device with help from the experts at staples. another way staples and hp make it...
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Nov 29, 2012
11/12
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>> the fiscal cliff is theatre, nothing more and nothing less. it's a game of political chicken, folks. it will result in a winner and a loser. >> our ultimate goal is an agreement that gets our long-term deficit under control in a way that is fair and balanced. >> if the president really wants to reach an agreement, he needs to be talking with members of his own party, right here in washington, trying to broker an agreement. not out there firing up crowds and giving speeches. >> we all know that we've had this spending crisis coming at us like a freight train. and it has to be dealt with. in order to try to come to an agreement, republicans are willing to cut revenue on the table, but it's time for the president and democrats to get serious about the spending problem that our country has. >> but the point is, there is no economic growth being discussed in the fiscal cliff argument, the solution -- there is no economic growth. not possible with what's being proposed. in fact just the exact opposite. obama does not care about economic growth. he c
>> the fiscal cliff is theatre, nothing more and nothing less. it's a game of political chicken, folks. it will result in a winner and a loser. >> our ultimate goal is an agreement that gets our long-term deficit under control in a way that is fair and balanced. >> if the president really wants to reach an agreement, he needs to be talking with members of his own party, right here in washington, trying to broker an agreement. not out there firing up crowds and giving speeches....
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Dec 6, 2012
12/12
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that's exactly what one former senator is doing to avoid the fiscal cliff. in a new web video, senator alan simpson dancing gangnam style to get his debt reduction message out to young people. >> stop instagramming your breakfast and tweeting your problems and getting on youtube so you can see began nagangnamstyle. start using those precious social media skills to go out and sign people up on this baby, three people a week. let it grow and don't forget, take part or get taken apart. boy, these old coots will clean out the treasury before you get there. >> greta: it's part of a campaign to get young people involved in the fiscal debate. is the video effective? go to gretawire.com. we're back in 90 seconds. [ male announcer ] this december, remember -- you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. >> greta: victims of superstorm sandy blasting the feds
that's exactly what one former senator is doing to avoid the fiscal cliff. in a new web video, senator alan simpson dancing gangnam style to get his debt reduction message out to young people. >> stop instagramming your breakfast and tweeting your problems and getting on youtube so you can see began nagangnamstyle. start using those precious social media skills to go out and sign people up on this baby, three people a week. let it grow and don't forget, take part or get taken apart. boy,...
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Dec 6, 2012
12/12
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that's exactly what one former senator is doing to avoid the fiscal cliff. in a new web video, senator alan simpson dancing gangnam style to get his debt reduction message out to young people. >> stop instagramming your breakfast and tweeting your problems and getting on youtube so you can see began nagangnamstyle. start using those precious social media skills to go out and sign people up on this baby, three people a week. let it grow and don't forget, take part or get taken apart. boy, these old coots will clean out the treasury before you get there. >> greta: it's part of a campaign to get young people involved in the fiscal debate. is the video effective? go to gretawire.com. we're back in 90 seconds. the capital one cash rewards card gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone...but her likes 50% more cash. but i'm upping my game. do you want a candy cane? yes! do you want the puppy? yes! do you want a tricycle? yes! do you want 50 percent more cash? no! ♪ festive. [ male announcer ] the capital one cash rewards card
that's exactly what one former senator is doing to avoid the fiscal cliff. in a new web video, senator alan simpson dancing gangnam style to get his debt reduction message out to young people. >> stop instagramming your breakfast and tweeting your problems and getting on youtube so you can see began nagangnamstyle. start using those precious social media skills to go out and sign people up on this baby, three people a week. let it grow and don't forget, take part or get taken apart. boy,...